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Provide an explanation of GDP, unemployment, and inflation as measures of economic activity. Discuss the 3 measures.

Basket: 20 pizzas, 10 compact discs Prices: Pizza CDs 2012 $10 $15 2013 11 15 2014 12 16 2015 13 15 For each year, compute:

Basket: 20 pizzas, 10 compact discsPrices:                            Pizza                       CDs2012            $10                          $152013             11                            152014            12                             162015           13                               15For each year, compute:  the cost of the basket the CPI (use 2012 as the base year)  the inflation rate from thepreceding year2012201320142015 $10111213 $15151615 Pizza2012201320142015 CDS10111213 BasketInflation vs 2012 Inflation vs prior year15 $ 350.0015 $ 370.005.71%5.71%16 $ 400.0014.29%…
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